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509 West Franklin St. offers a strong blend of value, convenience, and features, with an 8/10 overall expert rating, competitive pricing, and a high standard of amenities and location. It stands out for social activity, walkability, transit access, pet-friendly elements, and work-from-home support, with high-speed internet and a transparent property description adding to its appeal.
Things you’ll love
Great for
| 1BR/1.0BA | 1 bed | 1 bath | 720 sqft | $750 /mo | 1 unit available | Apply now: https screen boompay app a N2idGoF6A7rhmz77wlCe For a limited time only, move in by January 31 and pay your deposit only! No rent due until 2/1/26! Welcome to our spacious 1 bedroom, 1 bathroom apartment located in Elkhart, IN. This upstairs unit offers a private entry for added convenience and on street parking for easy access. Enjoy the large shared yard perfect for outdoor activities or simply relaxing in the fresh air. The unit itself is roomy and comfortable, providing ample space for all your needs. Don't miss out on this fantastic opportunity to make this apartment your new home. Apply Today! At MBSR Rentals, we strive to provide an experience that is cost-effective and convenient. That’s why we provide a Resident Benefits Package (RBP) to address common headaches for our residents and provide must-have services for our renters. The Total Monthly Price includes rent, plus pest control, air filter delivery, resident rewards, ID protection, utility setup assistance, credit building and more at a rate of {$44.45} month, required with the rental. Residents have the option to personalize some components during onboarding, which may increase or decrease the monthly amount. More details upon application. This home comes with high speed internet up to 1 Gig at an exclusive group rate of $65.00 a month, and includes 24/7 premium support and setup to help get you connected at move-in. Lease Terms - 1 Year Tenants will have the option to provide their own insurance policy BEFORE signing or purchase a provided policy through your resident portal. Failure to provide policy will result in Tenant being added to landlord policy with no belonging coverage. This is NOT optional. Deposit is to be placed within 24 hours after viewing the unit to hold it. Requirements** No evictions in the last 4 years Evictions over 4 years old cannot have a balance over $600.00 No collections with utility companies or management companies No rental history? No problem, At this point your deposit will vary based on credit score If you will have a pet ( cat or dog ) you are required to purchase renters insurance through your tenant portal |
Let's explore this property.
Apartment Amenities
| Private Entry | Spacious Unit |
Appliances
| Fridge | Oven |
| Range | Refrigerator |
| Stove/Oven |
Building
| Cats OK | Dogs OK |
Grounds
| Large Shared Yard | On Street Parking |
| Outdoor Space |
One-time.
One-time. Refundable.
Monthly.
Monthly.
1 cat max.
1 dog max.
Questions about this property’s policies and fees?
| Units | 3 |
|---|
Apply now: https screen boompay app a N2idGoF6A7rhmz77wlCe For a limited time only, move in by January 31 and pay your deposit only! No rent due until 2/1/26! Welcome to our spacious 1 bedroom, 1 bathroom apartment located in Elkhart, IN. This upstairs unit offers a private entry for added convenience and on street parking for easy access. Enjoy the large shared yard perfect for outdoor activities or simply relaxing in the fresh air. The unit itself is roomy and comfortable, providing ample space for all your needs. Don't miss out on this fantastic opportunity to make this apartment your new home. Apply Today! At MBSR Rentals, we strive to provide an experience that is cost-effective and convenient. That’s why we provide a Resident Benefits Package (RBP) to address common headaches for our residents and provide must-have services for our renters. The Total Monthly Price includes rent, plus pest control, air filter delivery, resident rewards, ID protection, utility setup assistance, credit building and more at a rate of {$44.45} month, required with the rental. Residents have the option to personalize some components during onboarding, which may increase or decrease the monthly amount. More details upon application. This home comes with high speed internet up to 1 Gig at an exclusive group rate of $65.00 a month, and includes 24/7 premium support and setup to help get you connected at move-in. Lease Terms - 1 Year Tenants will have the option to provide their own insurance policy BEFORE signing or purchase a provided policy through your resident portal. Failure to provide policy will result in Tenant being added to landlord policy with no belonging coverage. This is NOT optional. Deposit is to be placed within 24 hours after viewing the unit to hold it. Requirements** No evictions in the last 4 years Evictions over 4 years old cannot have a balance over $600.00 No collections with utility companies or management companies No rental history? No problem, At this point your deposit will vary based on credit score If you will have a pet ( cat or dog ) you are required to purchase renters insurance through your tenant portal
How 509 West Franklin St. compares to other nearby properties.
Positives
Considerations
1-bedroom apartments at 509 West Franklin St. cost about 3% less than the average rent price for 1-bedroom apartments in West Central.
| Month | Median Rent |
|---|---|
| August 2024 | $795 |
| September 2024 | $822 |
| October 2024 | $834 |
| November 2024 | $812 |
| December 2024 | $815 |
| January 2025 | $850 |
| February 2025 | $837 |
| March 2025 | $822 |
| April 2025 | $800 |
| May 2025 | $854 |
| June 2025 | $840 |
| July 2025 | $790 |
| August 2025 | $778 |
| September 2025 | $774 |
| October 2025 | $790 |
| November 2025 | $800 |
| December 2025 | $800 |
| January 2026 | $799 |
| February 2026 | $793 |
| March 2026 | $805 |
| April 2026 | $802 |
| May 2026 | $792 |
| June 2026 | $818 |
| July 2026 | $852 |
| August 2026 | $877 |
| Month | Median Rent |
|---|---|
| October 2024 | $595 |
| November 2024 | $605 |
| December 2024 | $611 |
| January 2025 | $660 |
| February 2025 | $675 |
| August 2025 | $663 |
| September 2025 | $687 |
| October 2025 | $766 |
| November 2025 | $795 |
| December 2025 | $750 |
| January 2026 | $750 |
| February 2026 | $741 |
| March 2026 | $746 |
| April 2026 | $756 |
| May 2026 | $767 |
| June 2026 | $750 |
| July 2026 | $771 |
Can I afford to live at 509 W Franklin St?
Bedrooms
1 bedroomRent-to-income ratio
30%
$30,000/yr
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West Central | Elkhart, IN